Former Barrick CEO Mark Bristow paid more than US$20-million in severance [Globe and Mail, The (Toronto, Canada)]
Barrick Mining Corporation Common Shares (B)
Last barrick mining corporation common shares earnings: 4/24 06:30 am
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Source: Globe and Mail, The
Bristow left the company suddenly last September. Melissa Tait/The Globe and Mail Mr. Bristow departed the company suddenly last September after years of the company underperforming its peers and after a power struggle with Barrick chair John Thornton , which was chronicled by The Globe and Mail. Barrick in a regulatory filing on Wednesday evening said it paid Mr. Bristow US$22.9-million in total compensation in 2025, including cash severance of about US$20.6-million. The company paid him an additional $517,871 in benefits, covering expenses including a car allowance, and tax counselling and preparation assistance. The hard-charging South African became CEO in January, 2019, after Barrick acquired Randgold Resources Ltd., which he founded and ran for more than two decades. Since the departure of Mr. Bristow, Barrick has made several strategic about-turns, including announcing a planned spinoff of a minority share in its North American operations, and slowing development work o
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